Social Security Cola 2024 Increase Date

Social Security Cola 2024 Increase Date. A 3 percent adjustment would boost the average social security retirement benefit — $1,839 a month in july 2023 — by about $55 a month in 2024. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct.

Read on to find out if you should expect to receive your check this week, and how your payment date is determined by the social security administration and other government. No matter what 2024’s social security cola ends up being, seniors should be aware that a hike in medicare part b premiums has the potential to whittle that raise down.